VOL. XLI

No. 40

5-October-1998

SAUDI ARABIA

Saudi Arabia Asks US Oil Companies To Submit InvestmentProposals

Not surprisingly, the meeting between Saudi Crown Prince' Abd Allah ibn ' Abd al-' Aziz Al Sa' ud and a group of top executives of major US oilcompanies in Washington on 27 September has given rise to a good deal of media comment andspeculation regarding a prospective opening up of Saudi Arabias oil and gas sectorto foreign investment. Crown Prince ' Abd Allah is understood to have asked...